Options and pre-emption rights

Options and pre-emption rights guidance:

This Agreement is made on [date]. Parties 1 [insert name of Seller] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR...

Precedents

This Agreement is made on [date]. Parties 1 [insert name of Seller] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR...

Precedents

This Agreement is made on [date]. Parties 1 [insert name of Seller] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR...

Precedents

In all but the simplest cases and particularly with development land, a fixed price may not be sufficient and the price will be based on the market value of the land. An...

Practice Note

Option agreements are strictly construed and the option may be lost if the option holder does not exercise it correctly. An option agreement is a contract for sale and...

Practice Note

A call option is (generally) an equitable interest in land and must be protected by registration in order to bind the grantor’s successors in title. The exception is...

Practice Note

This Deed is made on [insert date]. Parties 1 [insert name of Assignor] [of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...

Precedents

This Agreement is made on [date]. Parties 1 [insert name of Seller] [of [insert address] [and whose address for service in England and Wales is [insert address]] OR...

Precedents

Date [insert date of agreement] Parties 1 [insert name of Seller] [ of [insert address]][ incorporated in England and Wales with company registration number [insert...

Precedents

ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...

Precedents

This Agreement is made on [date]. Parties 1 [insert name of Seller] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR...

Precedents

Offer back (sometimes known as surrender back) clauses oblige the tenant to offer to surrender the lease to the landlord as a pre-condition to the tenant’s right to...

Practice Note

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make...

Practice Note

Unless the option agreement or contract specifically allows for extensions of time, the time limit must be strictly adhered to. It cannot be extended by reference to...

Practice Note

This Agreement is made on [date] Parties 1 [insert name of Seller] [of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

Coronavirus (COVID-19): From 4 May 2020, HM Land Registry has updated its guidance to confirm that it will, until further notice, accept for the purposes of registration...

Practice Note

This Agreement is made on [date] Parties 1 [insert name of Seller] [ of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

This Agreement is made on [date] Parties 1 [insert name of Seller][ of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

This Practice Note looks at the way that options and pre-emption agreements over UK land are treated for stamp duty land tax (SDLT) purposes. Options typically arise in...

Practice Note

1 Assignment of whole conditions precedent—offer back The Tenant must not assign the whole of the Property: 1.1 unless it has either: 1.1.1 given written notice to the...

Precedents

Option to purchase the reversion 1 The Landlord and the [Original] Tenant agree in the terms set out in Schedule 1. Schedule 1 [Original] Tenant’s option to purchase the...

Precedents

A contract for the sale or other disposition of land, or of any interest in land, is void unless it complies with section 2 of the Law of Property (Miscellaneous...

Practice Note
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